Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-12-18

uf<n cease all attempts 20 tender or 70 induce
Others 70 tender coupons for taxes, aud that the
bondholdcrs or their agents shall publish cir
cuiar that they will not sustain tax.payers any
attempt to use coupons for taxes during the
came period,
justment Of the debt OF this state shall be
| speedily effected. tho General Assembly. deems
| u 10 be due 10 frankness sud fair dea nsR with
I the holders Of the securities OF virginia 70
solemniy. declare u 20 be the unalteraole pur.
pose OF the government and OF the people Of
! this Commonwealth 20 stand by the basis OF ad-
| iustment provided for by tho oct known as the
/ hiddleberccr bill that Virginia WI J carry out
! that settlement In good faith and that any hope
/ or expectation that Any adjustment o. the debt
OF the state more favorable 10 the public creditor
I than that authorized by the kiddloberPer act
/ will ever be made IL utterly Elusive and hopeless
II is understood that these resolutions
were tue unanimous conclusion of the
subcommittee, and if they meet vith
anything like that sort OF favor by the
two houses may be passed through both
bodies in the course OF the next day or
two. II the Republicans throw no OBJ
stacles in the way So much the better ;
but if tho Democrats are united no very
prolonged delay in their passage can be
made by the opposition.
VIEWS OF MR.. RoYAIL AS TO THE COME
RENEE.
Mr.. Royall was asked last night /:
"What took place in the conference be-
tween the legislative finance commit
tees and you to. day ?"
"Well, the committees decided" said
Mr.. Royal, "to exclude reporters, and,
therefore it being their pleasure that no
publicity should be given to 1t, | am not
at liberty to say what took place, but as
it is published this evening that said
to the committee that Il would go 20
London and endeavor to get the English
bondholders 70 settle upon terms salts
factory 10 the State that If they refused
to agree to my proposition | would re-
sign my position rs counsel, it is but fair
that l should say to prevent any possible
misunderstanding that this IS not what
| stated i named basis that | would
advise the creditors to come to, and |
said il they did not come to that ! would
resign my position, but / did not say |
would resign my position II they would
not agree TO terms satisfactory to the
State of Virginia
Further, | will say have written to
Messrs. Koincr and Wickhatn, chairmen
OF the subcommittee, asking them to
inform the Joint committees of the above.
/ wish TO say further that | cannot
imagine how so much of our interview
to-day got into the public press. as |
understood it was obligatory upon both
sides that what took place should be
kept to the parties concerned. How
ever, as the secrets of the prison-house
have been divulged to this extent, |
may surely add that L told the
committee that if the State would stand
up to the Riddeberger bill | would I'M
dertake to promise that the creditors
would fund under it. The Riddleberger
bill promises that from the year 1890 to
the year 1892 the State will put aside
fund amounting to p per cent. upon the
entire debt as a sinking fund to redeem
it Mt maturity. l proposed that the
creditors should release this sinking
fund and commute it into present and
future payment of interest on the
ordinary principles upon which annui-
ties, life policies, and dover are com
muted l still say that if the Leglsla-
ture of Virginia is in earnest in standing
up to the terms of the Riddleberger bill |
Will have no difficulty whatever in get
ting the creditors to accept it. But
leaving ont all questions of this sort, If
the Legislature will give me a short time
for conference l tell you | am going to
get settlement of the State debt.